The MAIT Group, headquartered in Rottweil, Germany, provides innovative and pioneering digital solutions in product lifecycle management (“PLM”), enterprise resource planning (“ERP”) and IT services. MAIT is uniquely positioned at the intersection of PLM, ERP and managed IT services and has significant penetration growth potential. It differentiates itself by looking at digitisation in a holistic way and developing tailored solutions in partnership with its customers and operates in an attractive market which is expected to continue to grow considerably. To take advantage of growth opportunities, medium-sized companies in particular are investing significantly in digital transformation in order to make their processes more efficient and effective.

The financing caters for committed and uncommitted acquisition and capex facilities to provide resources to realise the growth potential of MAIT, including by pursuing multiple strategic M&A opportunities in a highly fragmented market.

Clifford Chance is regularly advising debt funds on unitranche and combined unitranche/super senior financings and has extensive experience on structuring these transactions to the specific needs of the involved parties.

Clifford Chance has advised Alcentra on other financings in the past (including recently in relation to Ardian’s acquisition of the GBA Group).

The Clifford Chance team advising Alcentra on the financing of this transaction comprised partner Steffen Schellschmidt and counsel Christoph Nensa (both Finance, Frankfurt,) as well as partner Frederik Mühl and senior associate Maria-Franziska Röntsch (both Corporate/Private Equity, Frankfurt) and was assisted by partner Martin Ebner and associate Wolfgang Hellsberg from Schoenherr Rechtsanwälte in relation to Austrian law advice